B. Riley lowered the firm’s price target on AudioEye (AEYE) to $20 from $26 and keeps a Buy rating on the shares ahead of the Q1 report on April 29. The firm anticipates the Q1 results will be generally in line with consensus estimates, but expects investors will be more focused on the fiscal 2025 outlook amid the slowing macro environment. The analyst cut the price target to reflect the compression in peer valuation multiples in recent weeks.
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